As Marsh & Mclennan Cos (MMC) Valuation Rose, Shareholder Cubist Systematic Strategies Has Trimmed Its Position; At&T (Call) (T) Shareholder Jet Capital Investors LP Has Cut Its Stake by $43.52 Million

February 19, 2018 - By Adrian Mccoy

Matthew Mark decreased its stake in At&T Inc (Call) (T) by 52.74% based on its latest 2017Q3 regulatory filing with the SEC. Jet Capital Investors LP sold 1.12M shares as the company’s stock declined 7.81% while stock markets rallied. The hedge fund run by Matthew Mark held 1.00 million shares of the telecommunications equipment company at the end of 2017Q3, valued at $39.17 million, down from 2.12M at the end of the previous reported quarter. Jet Capital Investors LP who had been investing in At&T Inc (Call) for a number of months, seems to be less bullish one the $228.00 billion market cap company. The stock increased 0.38% or $0.14 during the last trading session, reaching $37.14. About 19.90 million shares traded. AT&T Inc. (NYSE:T) has declined 0.52% since February 19, 2017 and is downtrending. It has underperformed by 17.22% the S&P500.

Cubist Systematic Strategies Llc decreased its stake in Marsh & Mclennan Cos Inc (MMC) by 65.47% based on its latest 2017Q3 regulatory filing with the SEC. Cubist Systematic Strategies Llc sold 9,152 shares as the company’s stock rose 1.48% with the market. The institutional investor held 4,827 shares of the finance company at the end of 2017Q3, valued at $405,000, down from 13,979 at the end of the previous reported quarter. Cubist Systematic Strategies Llc who had been investing in Marsh & Mclennan Cos Inc for a number of months, seems to be less bullish one the $42.13 billion market cap company. The stock increased 0.39% or $0.32 during the last trading session, reaching $82.76. About 2.01M shares traded. Marsh & McLennan Companies, Inc. (NYSE:MMC) has risen 16.25% since February 19, 2017 and is uptrending. It has underperformed by 0.45% the S&P500.




Jet Capital Investors L P, which manages about $1.55B and $2.12 billion US Long portfolio, upped its stake in Spdr S&P 500 Etf Tr (Put) (SPY) by 1.28M shares to 1.48M shares, valued at $371.85M in 2017Q3, according to the filing. It also increased its holding in Kraft Heinz Co (Call) by 200,300 shares in the quarter, for a total of 300,300 shares, and has risen its stake in Mplx Lp (NYSE:MPLX).

Among 30 analysts covering AT&T Inc. (NYSE:T), 10 have Buy rating, 1 Sell and 19 Hold. Therefore 33% are positive. AT&T Inc. had 73 analyst reports since July 27, 2015 according to SRatingsIntel. On Tuesday, April 11 the stock rating was maintained by Argus Research with “Buy”. The firm earned “Hold” rating on Wednesday, October 25 by Deutsche Bank. Oppenheimer maintained AT&T Inc. (NYSE:T) on Tuesday, July 25 with “Hold” rating. On Monday, September 26 the stock rating was upgraded by HSBC to “Hold”. Citigroup maintained AT&T Inc. (NYSE:T) rating on Tuesday, July 19. Citigroup has “Buy” rating and $48 target. On Monday, September 18 the stock rating was maintained by Cowen & Co with “Hold”. Buckingham Research downgraded AT&T Inc. (NYSE:T) on Friday, June 24 to “Neutral” rating. Nomura maintained AT&T Inc. (NYSE:T) rating on Tuesday, November 21. Nomura has “Buy” rating and $42.0 target. The rating was initiated by Macquarie Research with “Outperform” on Tuesday, April 5. The rating was upgraded by Citigroup on Wednesday, September 2 to “Buy”.

Investors sentiment increased to 1.17 in 2017 Q3. Its up 0.02, from 1.15 in 2017Q2. It improved, as 77 investors sold T shares while 609 reduced holdings. 106 funds opened positions while 696 raised stakes. 3.34 billion shares or 1.04% more from 3.31 billion shares in 2017Q2 were reported. Princeton Capital Mngmt Incorporated owns 2.99% invested in AT&T Inc. (NYSE:T) for 150,807 shares. Cutler Investment Counsel Ltd Limited Liability Company holds 227,455 shares. Main Street Rech Ltd Liability reported 28,829 shares or 0.18% of all its holdings. Colony Grp Ltd Liability Corporation reported 18,747 shares. Old Mutual Customised Solutions (Proprietary) Ltd holds 150,734 shares or 0.8% of its portfolio. Fort Washington Inv Advisors Oh holds 1.29% or 2.13M shares in its portfolio. Martin And Communication Tn owns 63,794 shares. Dreman Value Management L L C, a Florida-based fund reported 57,792 shares. Wealthtrust Axiom Limited Liability Company holds 1.64% of its portfolio in AT&T Inc. (NYSE:T) for 109,808 shares. Griffin Asset reported 114,398 shares. Howland Capital Mgmt Limited Liability owns 35,847 shares for 0.12% of their portfolio. Adell Harriman & Carpenter stated it has 1.11% of its portfolio in AT&T Inc. (NYSE:T). Oppenheimer & invested in 541,338 shares. Haverford Trust holds 0.14% or 172,364 shares. Amg National Tru Retail Bank owns 40,382 shares for 0.11% of their portfolio.

Investors sentiment decreased to 0.95 in 2017 Q3. Its down 0.02, from 0.97 in 2017Q2. It is negative, as 56 investors sold MMC shares while 215 reduced holdings. 61 funds opened positions while 196 raised stakes. 425.59 million shares or 1.13% more from 420.82 million shares in 2017Q2 were reported. Private Advisor Grp Inc Limited Liability Corporation holds 0.06% of its portfolio in Marsh & McLennan Companies, Inc. (NYSE:MMC) for 27,614 shares. Moreover, Mirae Asset has 0.08% invested in Marsh & McLennan Companies, Inc. (NYSE:MMC) for 54,675 shares. Ashfield Cap Partners Ltd Company stated it has 0.06% of its portfolio in Marsh & McLennan Companies, Inc. (NYSE:MMC). Rmb Capital Mgmt Ltd Liability Com stated it has 0.24% of its portfolio in Marsh & McLennan Companies, Inc. (NYSE:MMC). 18,486 were reported by Amica Pension Fund Board Of Trustees. Jpmorgan Chase & Com owns 6.71 million shares. Cubist Systematic Strategies Ltd Company stated it has 4,827 shares. Amf Pensionsforsakring Ab owns 1.03M shares for 0.95% of their portfolio. Morgan Stanley holds 0.04% or 1.68 million shares in its portfolio. Hexavest holds 217,884 shares or 0.22% of its portfolio. M&R holds 0.01% in Marsh & McLennan Companies, Inc. (NYSE:MMC) or 274 shares. Ngam LP stated it has 0.06% of its portfolio in Marsh & McLennan Companies, Inc. (NYSE:MMC). Oppenheimer has invested 0.04% of its portfolio in Marsh & McLennan Companies, Inc. (NYSE:MMC). Artisan Prtn Partnership owns 7.67M shares. World Asset Mgmt stated it has 50,616 shares or 0.14% of all its holdings.

Since August 21, 2017, it had 0 insider purchases, and 2 insider sales for $52.18 million activity. Glaser Daniel S had sold 618,557 shares worth $51.21M. The insider McDonald Scott sold 11,418 shares worth $968,940.

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